NOT LISTED FOR SALE

Estimated Value: $531,000 - $714,000

6 Beds
3 Baths
2,550 Sq Ft
$257/Sq Ft Est. Value

Last Sold December 14, 2021

Last sale price $480,000 $188 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,925/month

17 Days on Market

Highlights

  • City Lights View
  • 3 Car Direct Access Garage
  • Bungalow
  • No HOA
  • Laundry Room
  • Tile Flooring

About This Home

As of December 2021

TERRIFIC INCOME PROPERTY. A RARE FIND THAT EACH UNIT HAS AN INDIVIDUAL WATER METER. WHICH MEANS THAT OWNER DOES NOT PAY THE WATER AND SEWER FOR THE ENTIRE PROPERTY. NEARLY EVERY OTHER SIMILAR PROPERTY HAS ONE METER PER PROPERTY. THIS CAN ADD UP TO A HUGE SAVINGS FOR A BUYER. THIS TRIPLEX FEATURES THREE 2 BEDROOM 1 BATHROOM UNITS EACH WITH THIER OWN ATTACHED ONE CAR GARAGE. NICE SIZED KITCHENS, PRIVATE BACK YARDS. ONE OF THE UNITS HAS A HUGE BACKYARD. SEPARATE LAUNDRY ROOMS. ONE OF THE UNITS HAS A PORTION OF THE GARAGE CONVERTED TO A THIRD BEDROOM. LOTS OF EXTRA PARKING. HUGE LOT WITH THE POSSIBILITY OF BUILDING MORE UNITS ON THE LOT. CLOSE TO SCHOOLS, SHOPPING, AND THE COLLEGE. THIS CAN BE A REAL EASY MONEY MAKER.

Last Agent to Sell the Property

Mark Petras

Allison James Estates & Homes License #01733112 Listed on: 11/10/2021

Allison James Estates & Homes

Last Buyer's Agent

Mark Petras

Allison James Estates & Homes License #01733112 Listed on: 11/10/2021

Allison James Estates & Homes

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.5 Acre Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Wood Fence
  • Chain Link Fence
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Direct Access Garage
  • Parking Available

Home Design

  • Triplex
  • Bungalow
  • Slab Foundation
  • Asphalt Roof

Interior Spaces

  • 2,550 Sq Ft Home
  • 1-Story Property
  • City Lights Views
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 3323
  • Tax Tract Number 3477
  • Assessor Parcel Number 3087325260000
  • $631 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,700
  • Maintenance Expense $1,000
  • Trash Expense $2,400
  • New Taxes Expense $2,458
  • Operating Expense $7,558
  • Gross Income $23,700
  • Net Operating Income $19,742

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • View: Yes
  • Architectural Style: Bungalow
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 3087325260000
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Levels: One
  • Price Per Square Foot: 188.24

Exterior Features

  • Foundation: Slab
  • View: City Lights
  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Natural Gas
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 2400.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 21800.00
  • Lot Size Acres: 0.5005

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 23700.00
  • Gross Operating Income: 27300.00
  • Gross Scheduled Income: 27300.00
  • Insurance Expense: 1700.00
  • Lot Size Area: 21800.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 19742.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 7558.00
  • Operating Expense Percent: 28.00
  • Rent Control: No
  • Total Expenses: 7558.00

Tax Info

  • New Taxes Expense: 2458.00
  • Tax Census Tract: 97.10
  • Tax Lot: 3323
  • Tax Tract Number: 3477
  • TaxOtherAnnualAssessmentAmount: 631.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2021
Closed on
Dec 1, 2021
Sold by
Olachea Christopher and Olachea Shawna
Bought by
Robles Billy Adono and Robles Annelyse Luo
Seller's Agent
Mark Petras
Allison James Estates & Homes
Buyer's Agent
Mark Petras
Allison James Estates & Homes
List Price
$490,000
Sold Price
$480,000
Premium/Discount to List
-$10,000
-2.04%
Current Estimated Value
$654,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,800
Avg. Annual Appreciation
8.05%

Purchase Details

Listed on
Oct 27, 2013
Closed on
Feb 11, 2014
Sold by
Lia Vonda and Lia James
Bought by
Olachea Christopher and Olachea Shawna
Seller's Agent
B. Nick Calciano
Coldwell Banker Envision
Buyer's Agent
B. Nick Calciano
Coldwell Banker Envision
List Price
$178,000
Sold Price
$163,000
Premium/Discount to List
-$15,000
-8.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.87%
Original Mortgage
$78,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 1995
Sold by
Lia James and Lia Vonda
Bought by
Lia Vonda and Lia James
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Robles Billy Adono $480,000 Priority Title
Olachea Christopher $163,000 First American Title Company
Lia Vonda -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olachea Christopher $78,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/14/2021 12/14/21 Sold $480,000 -2.0% $188 / Sq Ft
11/27/2021 11/27/21 Pending -- -- --
11/10/2021 11/10/21 For Sale $490,000 +200.6% $192 / Sq Ft
03/01/2014 03/01/14 Sold $163,000 -8.4% $64 / Sq Ft View Prior Sale
02/15/2014 02/15/14 Pending -- -- --
10/27/2013 10/27/13 For Sale $178,000 -- $70 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,061 $509,380 $159,181 $350,199
2024 $6,061 $499,392 $156,060 $343,332
2023 $6,004 $489,600 $153,000 $336,600
2022 $6,195 $480,000 $150,000 $330,000
2021 $2,490 $184,598 $33,974 $150,624
2020 $2,458 $182,706 $33,626 $149,080
2019 $2,412 $179,124 $32,967 $146,157
2018 $2,355 $175,612 $32,321 $143,291
2017 $2,321 $172,168 $31,687 $140,481
2016 $2,108 $168,792 $31,066 $137,726
2015 $2,076 $166,256 $30,599 $135,657
2014 $2,057 $162,637 $42,424 $120,213
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW21246296

California Regional Multiple Listing Service (CRMLS)

APN: 3087-325-26